ITEM 15 ATTACHMENT 1 - Laserfiche WebLink

The investment portfolio shall be designed to attain a market -average rate of return throughout budgetary and economic cycles, taking into account the City's risk constraints, the cash flow characteristics of the portfolio, and state and local laws, ordinances or resolutions that restrict investments. The Director of Finance shall monitor and evaluate the portfolio's performance relative to the chosen market benchmark(s), which will be included in the Director of Finance's quarterly report. The Director of Finance shall select an appropriate, readily available index to use as a market benchmark. REPORTING Monthly Reports Monthly transaction reports will be submitted by the Director of Finance, via the City Manager, to the City Council within 60 days of the end of the reporting period in accordance with California Government Code Section 53607. Quarterly Reports The Director of Finance will submit a quarterly report to the City Council on the status of the City's investment portfolio no later than 45 days after the end of each month. This report shall include the types of investments, the amount of money invested with various institutions, purchase and maturity dates, and yield on investments. The Director of Finance will certify that the investment portfolio is in compliance with the investment policy and that it will meet cash flow needs for the next six (6) months. II2Iv]��lV"V:QMa0 w[y _ 001J1[0P►1 The City's investment policy will be submitted annually to the City Council for adoption by the end of the fiscal year, to ensure its consistency with the overall objectives of preservation of principal, liquidity and return, and its relevance to current law and financial and economic trends. Any recommended modifications or amendments shall be presented by staff to the Governing Body for its consideration and adoption.